Everyone knows the online gambling market is increasing at a rapid pace as casino operators worldwide offer a greater selection of games (such as poker variations that feature live streaming technology) and exciting bonuses and promotions to entice new and returning players. However, all of these changes and advances have not been to just benefit punters but also shareholders and investors since many online gambling operators are listed on the stock market. In this article, we are going to explore some of the most well-known casino operators listed on the market. Top Casino Stocks
MGM Resorts International
MGM Resorts International is an American global entertainment and hospitality company. They have destination resorts and casinos in New Jersey, Las Vegas, Detroit, Massachusetts, Maryland, and Mississippi. In 2018, MGM Resorts became involved in online gambling through BetMGM. BetMGM is the company’s platform for casino gaming (poker, blackjack, roulette, etc.) and sports betting; as of 2022, the online casino reportedly operates in more than 15 states, including Pennsylvania, West Virginia, Delaware, New Jersey and Michigan.
In addition, as per Cision, a distributor of press releases , BetMGM recently launched in Ontario, Canada. BetMGM is known for its celebrity brand ambassadors, such as Jamie Foxx, even though using celebrities is a common trend in the gambling community . MGM Resorts International trades on the New York Stock Exchange under the stock ticker ‘MGM’. DraftKings
DraftKings started as a daily fantasy sports platform before becoming one of the biggest online casino gaming and sports betting operators in the United States. DraftKing has mobile sports betting operations in states across the US, such as Indiana and West Virginia. The company also offers retail sports betting in Oregon, New York, Mississippi and Iowa.
DraftKings is listed on the Nasdaq Exchange under the ticker ‘DKNG’, and as of April 2022, the company has a market capitalisation fluctuating between $5.70-$5.90 billion. This market cap reflects a sharp difference from January 2022, when DraftKings had a market cap of around $7 billion. Regardless, the online casino and sports betting platform is still one of the world’s most valuable companies by […]